Filed under: Performance , Europe , Government/Legal , Lamborghini , Maserati , Earnings/Financials , Ferrari , Luxury Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country’s various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income – certain business owners were found to be declaring less income than their employees – the owners began dumping their cars and prospective buyers declined to buy

Originally posted here:
Why Italians are no longer buying supercars